At the beginning of the year, Vici Ventures had accounts receivable of $220,000. At the end of the year, the company had accounts receivable of $340,000. During the year, Vici had total sales of $1,000,000, 70% of which were credit sales. What was Vici's receivables turnover ratio for the year?

A) 2.50.

B) 3.57.

C) 2.94.

D) 146 days.

Answer: 2.50.